Friday, July 25, 2014. Last Update: Thu 3:45 PM EST

The Audit

Bloomberg Punctures the Fed’s French Excuse

Bloomberg advances the AIG/French-banks story today quite a little bit. That's the one where the Fed said it had to... More

The NYT Will Charge Online

That’s a good thing

It's official. The New York Times says it will stop giving away its expensive-to-produce paper online and institute a metered... More

Audit Notes: FCIC’s Missing Media, What Crisis?, L’Affaire AIG

What did we miss as press coverage of the Financial Crisis Inquiry Commission fizzled last week? On Friday, we pointed... More

Citi Not Quite As Awful As Last Year, Says Dow Jones

Here's a strange Wall Street Journal headline (of a Dow Jones Newswires story): "Citi Loss Narrows." Yeah—to $7.6 billion. Is... More

The WSJ on Another Junk-Debt Boom

The bubble is back. If you hadn't already figured that out, that's the lesson from The Wall Street Journal's excellent... More

Audit Notes: Ignoring State Regs, Busy Bhatia, Volcker Vacuum

The Financial Crisis Inquiry Commission talked to state regulators—the only ones with credibility on the predatory-lending issue and you might... More

A WSJ Story Shows TBTF Effects on the Market

The Wall Street Journal is excellent today to spotlight a sudden jump in ARM interest rates on New Year's Eve... More

Steven Pearlstein: Then and Now

What a difference a year makes! Here's the Washington Post's Steven Pearlstein last February: These guys won’t be happy until... More

Audit Notes: Goldie’s AIG CDS, Smarter Readers, Adversarial Stance

James Keller has an interesting post over at RealClearMarkets on the Goldman Sachs/AIG controversy, which he says is "Likely Worse... More

Parsing the Latest Online-Charging Poll

There's yet another poll out there reporting the obvious: Most people say they won't pay for something they get for... More

Revisiting the Journal’s TBTF Citi Story

Yves Smith of Naked Capitalism calls me out for swallowing a Wall Street Journal story showing the Citigroup side in... More

Audit Notes: Frontrunning, Walk Away!, Housing (Still) Deteriorating

The New York Times reports that Goldman Sachs admitted in an email to clients it has traded ahead of its... More

Indirect Subsidies Are Bailouts, Too

Dan Gross at Slate pushes back against the false notion that the banks have paid back all their bailouts—a nasty... More

HuffPost Expands on the Obama Bank-Tax Plan

That bank-tax reported yesterday looks like it will be broader and tougher than initially reported. The Huffington Post quotes a... More

Audit Notes: Goner Jobs, Angelides Questions, More AIG

The WSJ warns that any recovery in employment is going to be slowed by the fact that many of the... More

How Forbes got to $475 million - That’s what a Hong Kong investor has agreed to pay for a firm that two years ago had trouble paying its rent

Are female journalists up to the job of a Jill Abramson interview? - Reporters avoid unflattering discussion about her firing

How to check if that viral video is true - Journalists don’t always verify user-generated content, so readers need to learn how to verify what they see online

The Grand Dame of Florida reporting has retired twice, but she’s still causing trouble - A conversation with the Tampa Bay Times’ Lucy Morgan

Brick by brick - After years of shrinking ambition at The Washington Post, Jeff Bezos has the paper thinking global domination


The 10 worst New Yorker longreads (Gawker)

“[A]pparently [Adam] Gopnik did not know you could bake fancy breads from France and other cultures. So he got his mom to teach him how to bake them. A fine anecdote, maybe, to tell a friend or a therapist. But in this case he wrote about it for the New Yorker, a magazine.”

Insufferable parenthetical asides, ranked (The Hairpin)

18. (strictly for the mise-en-scene)

You are now entering the demented kingdom of William T. Vollmann (TNR)

“Franzen tells a hilarious story of being a young writer in New York, meeting Vollmann, becoming fast friends, and inaugurating a draft swap. A while later, they exchanged work. Franzen gave Vollmann a dozen chiseled pages. Vollmann gave Franzen an entire novel.”

Bloggingheads

Greg Marx discusses democracy and news with Tom Rosenstiel of the American Press Institute

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The Business of Digital Journalism

A report from the Columbia University Graduate School of Journalism

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Questions and exercises for journalism students.